#773575, Listing office: Counts Real Estate Group
$1,475,000 List price
227 S Cove Terrace Dr Panama City, FL 32401
4 beds
4 full
3,450 sqft
0.3 acres
$428 / sqft
House
Property details
About 227 S Cove Terrace Dr
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS..........Welcome to your dream waterfront retreat! This stunning 3,450 sq. ft. home offers 4 bedrooms, 4 bathrooms, and breathtaking views of the bay from every angle. Nestled in The Cove, enjoy a waterfront park, two pocket parks, ball field and a multi-use path. Not to mention walk, bike, or golf cart to Downtown!Step inside to find a brand-new remodeled kitchen with high-end finishes, perfect for the home chef. The expansive family room features a stone fireplace, creating a warm and inviting atmosphere. Working from home is effortless with a dedicated office space that offers tranquility and inspiration.Outdoor living is unmatched with over 2,000 sq. ft. of backyard decking, a pool, and a luxurious 8-seater hot tub, making it the perfect space for entertaining. Relax on your private front porch or take advantage of the double boat dock with a platform deck, boat lift, and direct access to the bay for endless days on the water. Only 15 minutes to Shell Island.This home is also equipped with a full-house generator, ensuring comfort and security year-round. Whether you're looking for a serene escape or the ultimate entertainment destination, this property delivers it all.Don't miss the opportunity to own this incredible waterfront home - schedule your private tour today!
Highlights
Home typeSingle Family Residence
HeatingCentral, Electric, Fireplace(s)
StatusAccepting Backup Offers
(Active Under Contract)
(Active Under Contract)
CoolingCentral Air, Ductless, Electric, Multi Unit(s)
Size3,450 sqft
Lot size0.33 Acres
Year built1950
ParkingAttached, Carport, Driveway, Garage
MLS #771520
Attached garage1 space
WaterfrontDock, Boat Slip, Bayou, Boat Ramp, Boat Lift, Dock Access, Seawall, Waterfront
ViewBay, Bayou
Private poolYes
Summary
- Full Bathrooms: 4
- Appliances: Dryer, Washer/Dryer Stacked, Dishwasher, Electric Oven, Gas Cooktop, Disposal, Gas Water Heater, Ice Maker, Refrigerator, Range Hood, Tankless Water Heater, Washer
- Interior: Fireplace, High Ceilings, Kitchen Island, Recessed Lighting, Split Bedrooms, Entrance Foyer
- Total Bedroom Count: 4
- Garage Space: 1 space
- Attached Garage: Yes
- Private Pool: Yes
- Parking: Attached, Carport, Driveway, Garage
- Waterfront: Dock, Boat Slip, Bayou, Boat Ramp, Boat Lift, Dock Access, Seawall, Waterfront
- View: Bay, Bayou
- Exterior: Sprinkler/Irrigation
- Architectural Style: Traditional
- Heating: Central, Electric, Fireplace(s)
- Cooling: Central Air, Ductless, Electric, Multi Unit(s)
- List Price: $1,475,000
- Price/SqFt: $427
- Annual Tax Amount: $5,150
- Tax Year: 2023
- Lot: Landscaped, Waterfront
- Directions: South on Cove Blvd to Cherry St. Turn Left on Cherry to Cove Terrace. Turn right and follow down to 227.
- Year Built: 1950
- Living Area: 3,450 SqFt
- Lot Size: 0.33 Acres
- MLS Number: 771520
- MLS Name: BCAR
- Office Name: Counts Real Estate Group
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2025 Central Panhandle Association of REALTORS.© All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/30/2025, 11:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 12, 2014 | Home Sold | $215,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $343,641 | $5,150 |
| 2022 | $333,632 | $4,789 |
| 2021 | $313,289 | $4,789 |
| 2020 | $308,964 | $4,473 |
| 2018 | $308,771 | $4,071 |
| 2017 | $296,395 | $4,441 |
History based on county public records data.
Nearby schools
4
Merriam Cherry Street Elementary School
Public District PK-5
0.5 mi
•1125 Cherry St
4
Parker Elementary School
Public District PK-5
2.4 mi
•640 S Highway 22 A
1
Cedar Grove Elementary School
Public District PK-5
2.4 mi
•2826 E 15th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $78,385. Most Panama City, FL residents have annual incomes between $35k-100k. Typical family type is married, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
11%
<35k
53%
35k-100k
24%
100k-200k
12%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
34%
Single, No Kids
5%
Single, with Kids
40%
Married, No Kids
21%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
6%
12-17 yrs old
15%
18-34 yrs old
47%
35-64 yrs old
20%
65+ yrs old
What do the neighbors do for fun?
Symphony or Opera
Horse Races
Extreme Sports
Where do the neighbors shop?
Chico's
Stein Mart
Sam's Club
Where do the neighbors go to eat?
Boston Market
LongHorn Steakhouse
White Castle
What do the neighbors drive?
Volvo
Buick
Oldsmobile
What do the neighbors listen to?
Talk/Personality- Contemporary Inspirational
Rock
All data provided by Home Junction and Claritas
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Frequently asked questions
About 227 S Cove Terrace Dr
The listing price of 227 S Cove Terrace Dr property is $1,475,000.
The property 227 S Cove Terrace Dr is a house located in Panama City, Florida, 32401.
Accepting Backup Offers: 227 S Cove Terrace Dr is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 227 S Cove Terrace Dr are: Merriam Cherry Street Elementary School (GreatSchools Rating 4/10), Parker Elementary School (GreatSchools Rating 4/10), Cedar Grove Elementary School (GreatSchools Rating 1/10), Jinks Middle School (GreatSchools Rating 2/10), Tyndall Academy (GreatSchools Rating 7/10), Bay Haven Charter Middle School (GreatSchools Rating 6/10), Rosenwald High School (GreatSchools Rating 1/10), Rutherford High School (GreatSchools Rating 3/10), Bay High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $5,150 (source: MLS/based on county public records data).
The last sale was on June 12, 2014 for $215,000 (source: MLS/tax record).
The property at 227 S Cove Terrace Dr has 4 bedrooms and 4 bathrooms.
The property 227 S Cove Terrace Dr is 3,450 SqFt (source: MLS/tax record).
The year of construction for 227 S Cove Terrace Dr is 1950.
This home is located at 227 S Cove Terrace Dr in Panama City, FL and zip code 32401 in the Cove Terrace neighborhood. This 3,450 square foot home, which was built in 1950, sits on a 0.33 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 7, 2025 and is currently priced at $1,475,000.
In June 2025 more than 26 listings in Panama City, FL were sold above the asking price. During the same period more than 47 listings were sold at asking price, while more than 144 were sold below. The number of listings in Panama City, FL decreased by 2.4% between May and June 2025. In June 2025 median list price was $330,871 and the average listing age was 78 days.
From Rocket Homes Real Estate and based on county public records data.